First Bank Increases Daily Transactions Limit on FirstMobile App

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In a way to boost convenience and ease of banking as well as enhance customers’ digital banking experience in line with the bank’s commitment to offer value-added services that suit the lifestyles of its customers, First Bank of Nigeria Limited has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000.00 without the use of a token and a total daily transaction limit of N1 million.

As part of its drive to leverage evolving technology in providing cutting-edge banking services to its customers, First Bank had launched FirstMobile banking app which is secure and easy to use, it allow users to carry out banking transactions on the go from their mobile phones anywhere in the world.
The bank in a statement explained that the  banking app comes with an extra security feature which is a user-defined transaction pin, customers can also perform the following actions on the enhanced app: change transaction PIN, reset transaction PIN, synchronise token, and change their log in pin – mPIN.
“With the integrated lifestyle mobile banking app, customers can enjoy real-time mobile banking services such as domestic funds transfer from self-owned accounts to FirstBank accounts and other banks’ accounts; make quick airtime purchase for self and others on all mobile networks; bills payments; cheque services including confirm cheque and stop cheque; flight booking; and quick account services such as account balance inquiry, statement view and much more,” the statement added.
FirstMobile in December 2016, recorded a milestone in its user numbers with the attainment of one million active users. Since its launch in 2015, over N1.3 trillion transaction volume had been consummated using the FirstMobile app, ThisDay reports. 
According to Mrs. Folasade Femi-Lawal, the Head of Digital Banking at FirstBank, the bank will continue to leverage evolving technologies to support consumers’ lifestyle by providing them with a suite of financial options in a convenient and highly secure environment.
FirstBank’s digital innovations were rewarded with awards in 2016 which include the Asian Banker award for Best Mobile Payments and the Global Finance Digital Bank of Distinction award.
Posted by Juliet Ekwebelam
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